StockNews.com Upgrades Hillenbrand (NYSE:HI) to “Hold”

Hillenbrand (NYSE:HI) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Friday.

Other analysts have also recently issued reports about the company. KeyCorp dropped their target price on Hillenbrand from $45.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, November 14th. DA Davidson reiterated a “neutral” rating and set a $33.00 price target on shares of Hillenbrand in a report on Friday, November 15th. Two analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Hillenbrand presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.67.

Hillenbrand Stock Up 2.5 %

Hillenbrand stock opened at $33.78 on Friday. Hillenbrand has a fifty-two week low of $25.11 and a fifty-two week high of $50.58. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 1.27. The company has a market cap of $2.37 billion, a PE ratio of -11.31 and a beta of 1.38. The business’s 50-day simple moving average is $28.59 and its two-hundred day simple moving average is $35.74.

Hillenbrand (NYSE:HI) last posted its quarterly earnings data on Wednesday, November 13th. The company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.08. Hillenbrand had a positive return on equity of 14.86% and a negative net margin of 6.63%. The business had revenue of $837.60 million during the quarter, compared to analysts’ expectations of $793.38 million. During the same period in the previous year, the business earned $1.13 earnings per share. The business’s revenue was up 9.8% compared to the same quarter last year. Equities analysts anticipate that Hillenbrand will post 3.45 EPS for the current year.

Institutional Investors Weigh In On Hillenbrand

Large investors have recently modified their holdings of the stock. State Board of Administration of Florida Retirement System grew its position in shares of Hillenbrand by 30.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 25,670 shares of the company’s stock worth $1,220,000 after acquiring an additional 5,940 shares in the last quarter. Vanguard Group Inc. lifted its position in Hillenbrand by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 8,702,418 shares of the company’s stock valued at $437,645,000 after purchasing an additional 290,275 shares during the last quarter. O Shaughnessy Asset Management LLC grew its position in Hillenbrand by 2.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 11,530 shares of the company’s stock worth $580,000 after purchasing an additional 259 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its position in Hillenbrand by 9.1% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 65,384 shares of the company’s stock valued at $3,287,000 after acquiring an additional 5,429 shares during the period. Finally, LRI Investments LLC bought a new position in shares of Hillenbrand in the first quarter worth $123,000. Institutional investors and hedge funds own 89.09% of the company’s stock.

About Hillenbrand

Hillenbrand, Inc operates as an industrial company in the United States and internationally. The company operates through two segments, Advanced Process Solutions and Molding Technology Solutions. The Advanced Process Solutions segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems comprising compounding, extrusion, and material handling equipment, equipment system design services, as well as offers mixing technology, ingredient automation, and portion process; and provides screening and separating equipment for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals, energy, wastewater treatment, forest products, and other general industrials.